Financial Development Index in Jamaica
Jamaica: Financial Development Index was 0.3674 in 2020. ▲ Rising
Financial Development Index in Jamaica, 1980–2020
Source: International Monetary Fund.
Analysis
Jamaica recorded 0.3674 for financial development index in 2020.
The figure is down 6.1% on the previous year and up 45.9% over ten years.
Over the whole period, financial development index in Jamaica peaked at 0.3912 in 2019 and was at its lowest, 0.1619, in 1999.
Jamaica ranks 62nd of 183 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Development Index in Jamaica, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.2403 | — |
| 1981 | 0.2578 | +7.3% |
| 1982 | 0.2657 | +3.1% |
| 1983 | 0.2818 | +6.1% |
| 1984 | 0.3093 | +9.8% |
| 1985 | 0.2996 | -3.1% |
| 1986 | 0.2489 | -16.9% |
| 1987 | 0.2391 | -4.0% |
| 1988 | 0.2558 | +7.0% |
| 1989 | 0.2688 | +5.1% |
| 1990 | 0.2921 | +8.7% |
| 1991 | 0.2837 | -2.9% |
| 1992 | 0.2643 | -6.8% |
| 1993 | 0.2455 | -7.1% |
| 1994 | 0.2261 | -7.9% |
| 1995 | 0.2013 | -11.0% |
| 1996 | 0.1738 | -13.6% |
| 1997 | 0.1876 | +7.9% |
| 1998 | 0.1619 | -13.7% |
| 1999 | 0.1619 | -0.0% |
| 2000 | 0.2055 | +26.9% |
| 2001 | 0.2163 | +5.3% |
| 2002 | 0.2281 | +5.4% |
| 2003 | 0.2175 | -4.6% |
| 2004 | 0.2125 | -2.3% |
| 2005 | 0.2316 | +9.0% |
| 2006 | 0.2732 | +18.0% |
| 2007 | 0.2769 | +1.4% |
| 2008 | 0.2827 | +2.1% |
| 2009 | 0.2786 | -1.5% |
| 2010 | 0.2518 | -9.6% |
| 2011 | 0.2656 | +5.5% |
| 2012 | 0.2673 | +0.6% |
| 2013 | 0.2514 | -5.9% |
| 2014 | 0.308 | +22.5% |
| 2015 | 0.337 | +9.4% |
| 2016 | 0.34 | +0.9% |
| 2017 | 0.3514 | +3.4% |
| 2018 | 0.3651 | +3.9% |
| 2019 | 0.3912 | +7.1% |
| 2020 | 0.3674 | -6.1% |
Jamaica compared with similar countries
- Jamaica's 0.3674 is above the median for upper middle income countries, which is 0.2539, 1.4× the median. (54 countries reporting)
- Jamaica's 0.3674 is above the median for Latin America & Caribbean, which is 0.2814, 1.3× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2667 | 0.2391 | 0.3093 | 10 |
| 1990s | 0.2198 | 0.1619 | 0.2921 | 10 |
| 2000s | 0.2423 | 0.2055 | 0.2827 | 10 |
| 2010s | 0.3129 | 0.2514 | 0.3912 | 10 |
| 2020s | 0.3674 | 0.3674 | 0.3674 | 1 |
Countries ranked near Jamaica
- 59 Kuwait 0.3716 compare
- 60 Philippines 0.3712 compare
- 61 Oman 0.3695 compare
- 63 Trinidad and Tobago 0.3637 compare
- 64 Indonesia 0.3633 compare
- 65 Seychelles 0.3588 compare
More financial sector data for Jamaica
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.2 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.2 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is financial development index in Jamaica?
- Financial development index in Jamaica was 0.3674 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Jamaica?
- The highest recorded value was 0.3912 in 2019.
- What is the lowest financial development index recorded in Jamaica?
- The lowest recorded value was 0.1619 in 1999.
- How does Jamaica rank for financial development index?
- Jamaica ranks 62nd out of 183 countries with data for 2020.
- Is financial development index rising or falling in Jamaica?
- Over the last ten years it is up 45.9%. The long-run trend across the full record is rising.
- Where does this Jamaica data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.